Job Detail
Capital Planning is responsible for implementing a defined, integrated, agile, well-controlled, and well-governed end-to-end integrated forecasting approach that drives effective decision making, informs prudent management of the firm’s resources, supports our firm wide culture and strategic priorities, and is fully integrated with strategic risk appetite and risk processes. The broader team will focus on building multi-year forecasting processes to enable central decision making and advance existing forecasting capabilities through automation, improved governance, and enhanced controls. The team's activities are focused across the stress continuum, ranging from BAU business planning to stress environments, including CCAR/DFAST; coordinating associated regulatory submissions; and improving the systems and processes used to perform these activities.
Within Capital Planning, the Governance function is responsible for the design and implementation of first-line governance requirements over Citi’s forecasting and stress testing capabilities, and the enhancement of governance and controls over CCAR/DFAST processes, and the shepherding of related milestones and regulatory commitments through internal review and challenge and validation processes.
The VP - Capital Planning VP will oversee one or more CCAR/DFAST workstreams and the associated milestones, deliverables and activities, with project management support provided by an aligned PMO team. The VP - Capital Planning Governance will also be responsible for metrics and reporting.
Responsibilities:
- Manage, oversee and enhance Capital Planning Governance processes and strengthen internal controls, with a focus on Capital Stress Testing
- Review and challenge activities planned to address Capital Planning Governance.
- Review, update and suggest revisions to Policies, Standards and Procedures governing quarterly, multi-year and CCAR/DFAST forecasting
- Support the implementation of Policies, Standards, and Procedures for quarterly multi-year and CCAR/DFAST forecasting
- Incorporate lessons learned from implementation of governance requirements for the quarterly multiyear forecasting process; and enhance the approach for future quarters
- Liaise with Internal Audit regarding Audits related to Capital Planning
- Coach and support Workstream Leads, stakeholders and partners in identifying, assessing, escalating and resolving issues/impediments.
- Support reporting and informational updates to Capital Planning Leads and stakeholders/sponsors.
- Continuously assess the initiative processes to drive consistency, introduce improvements and best practices, as needed.
- Contributes to the design, roll-out and governance of financial solutions.
- Performs other duties and functions as assigned
- Has the ability to operate with a limited level of direct supervision.
- Can exercise independence of judgement and autonomy.
Qualifications:
- 8+ years of experience in Financial Services industry
- 4-7 years of experience in governance, risk and controls within Financial Services; second and/or third line of defense experience a plus
- Capital Planning/Treasury and/or CCAR/stress testing experience preferred but not required
- Strong communications (written, verbal and interpersonal) skills, including tact, diplomacy, and ability to influence senior executives
- Track record of success in delivering high quality work in a fast paced and dynamic environment within a heavily matrixed organization
- Ability to maintain confidentiality
- Detail oriented and organized
- Critical thinker and strong analytical skills
- Self-starting with the ability to multitask and prioritize.
- Excellent quantitative and qualitative skills; able to analyze information, draw conclusions, identify trends and issues, and diagnose root cause of issues
- Ability to support cross-functional projects and teams with varied disciplines.
- Proven experience in monitoring, reporting and facilitating project progress.
- Analytical mindset to resolve issues in a variety of complex situations
- A proactive team player who will implement initiatives effectively and motivate others to contribute
- Self-motivated with the ability to make decisions in the absence of detailed instructions.
- Very Proficient Microsoft Office skills, with emphasis in excel and Powerpoint.
- In depth knowledge of banking products / systems preferred.
- MBA preferred, but not required
Education:
- Bachelors degree, Masters degree preferred but not required
We are currently working on a hybrid schedule consisting of 3 days in office and the remainder remote (specific details depend on location and business group) and may be subject to change. This is not a remote only role.
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Job Family Group:
Finance--------------------------------------- ---------------
Job Family:
Balance Sheet Management-------------------------------------- ----------------
Time Type:
Full time------------------------------------- -----------------
Primary Location:
Long Island City New York United States------------------------------------ ------------------
Primary Location Full Time Salary Range:
$142,320.00 - $213,480.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Jul 05, 2024---------------------------------- --------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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